Todd Asset Management LLC Boosts Position in Orix Corp Ads (NYSE:IX)

Key Points

• Todd Asset Management LLC increased its holdings in Orix Corp Ads by 399.1% during the first quarter, bringing its total ownership to approximately $36 million.
• Wall Street analysts have upgraded Orix Corp Ads from a "hold" rating to a "strong-buy" rating, signaling confidence in the company's future performance.
• Orix Corp Ads reported a quarterly earnings per share (EPS) of $0.65, exceeding analysts’ estimates of $0.54, with revenue also surpassing expectations at $5.21 billion.

Todd Asset Management LLC raised its stake in shares of Orix Corp Ads (NYSE:IX - Free Report) by 399.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,727,984 shares of the real estate investment trust's stock after acquiring an additional 1,381,764 shares during the period. Todd Asset Management LLC owned about 0.15% of Orix Corp Ads worth $36,098,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IX. LPL Financial LLC lifted its stake in Orix Corp Ads by 48.7% during the 4th quarter. LPL Financial LLC now owns 2,648 shares of the real estate investment trust's stock valued at $281,000 after acquiring an additional 867 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Orix Corp Ads by 39.2% during the 4th quarter. JPMorgan Chase & Co. now owns 10,233 shares of the real estate investment trust's stock valued at $1,087,000 after purchasing an additional 2,880 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Orix Corp Ads by 10.6% during the 4th quarter. Franklin Resources Inc. now owns 3,141 shares of the real estate investment trust's stock valued at $334,000 after purchasing an additional 300 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Orix Corp Ads by 5.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 27,132 shares of the real estate investment trust's stock valued at $2,882,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Orix Corp Ads during the 4th quarter valued at $312,000. 1.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Orix Corp Ads from a "hold" rating to a "strong-buy" rating in a research report on Saturday.

Orix Corp Ads Stock Performance

IX traded down $0.03 during trading hours on Wednesday, hitting $25.42. The stock had a trading volume of 86,755 shares, compared to its average volume of 208,676. The company's fifty day simple moving average is $22.58 and its 200 day simple moving average is $21.23. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $25.53. The stock has a market cap of $28.97 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. The company has a quick ratio of 1.72, a current ratio of 1.76 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX - Get Free Report) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.11. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.96 billion. Orix Corp Ads had a return on equity of 9.01% and a net margin of 12.70%. Equities analysts anticipate that Orix Corp Ads will post 11.31 earnings per share for the current year.

About Orix Corp Ads

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.